California State Teachers Retirement System raised its holdings in shares of Nielsen Holdings PLC (NYSE:NLSN) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 627,544 shares of the business services provider’s stock after purchasing an additional 4,973 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Nielsen worth $13,335,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in NLSN. Redwood Investment Management LLC grew its position in shares of Nielsen by 9.3% during the 3rd quarter. Redwood Investment Management LLC now owns 64,860 shares of the business services provider’s stock worth $1,378,000 after purchasing an additional 5,534 shares in the last quarter. Andra AP fonden lifted its position in shares of Nielsen by 10.7% during the 3rd quarter. Andra AP fonden now owns 272,700 shares of the business services provider’s stock valued at $5,795,000 after acquiring an additional 26,400 shares during the period. State Street Corp lifted its position in shares of Nielsen by 1.3% during the 3rd quarter. State Street Corp now owns 15,859,616 shares of the business services provider’s stock valued at $337,017,000 after acquiring an additional 200,690 shares during the period. Voya Investment Management LLC grew its holdings in shares of Nielsen by 48.3% during the 3rd quarter. Voya Investment Management LLC now owns 249,556 shares of the business services provider’s stock worth $5,303,000 after purchasing an additional 81,310 shares in the last quarter. Finally, Corient Capital Partners LLC bought a new position in shares of Nielsen in the third quarter worth $798,000. 94.35% of the stock is owned by hedge funds and other institutional investors.
NLSN stock opened at $19.50 on Wednesday. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.97 and a beta of 0.91. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day simple moving average of $20.35 and a 200 day simple moving average of $21.75. Nielsen Holdings PLC has a 1 year low of $17.94 and a 1 year high of $28.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 1.23%. Nielsen’s dividend payout ratio is presently 13.87%.
Several research firms recently weighed in on NLSN. SunTrust Banks cut their price objective on shares of Nielsen to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. They noted that the move was a valuation call. Citigroup set a $28.00 price target on shares of Nielsen and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley lowered their price objective on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.83.
Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.
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